---
title: "Surge AI revenue and valuation"
description: "Surge AI's revenue is estimated at $1.05B–$2.63B, last reported at $1B. Valuation estimated at $1.99B–$6.97B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/surge-ai.md
canonical_url: https://www.tryspecter.com/revenue-valuation/surge-ai
publisher: Specter
last_updated: 2026-11-01
---

# Surge AI revenue and valuation

Specter estimates Surge AI's annual revenue at $1.05B to $2.63B and its valuation at $1.99B to $6.97B. The company last reported $1B revenue in November 2025.

Surge AI is a data labeling platform providing high-quality datasets for AI training and evaluation.

- Estimated revenue: $1.05B to $2.63B (October 2026)
- Estimated valuation: $1.99B to $6.97B (October 2026)
- Last reported revenue: $1B (November 2025)
- Founded: 2020
- Headquarters: San Francisco, United States
- Employees: 553
- Sector: AI data
- Specter Rank: #436,919

## Surge AI revenue

Surge AI last reported $1B revenue in November 2025. Specter's model puts current revenue between $1.05B and $2.63B, anchored to two reported figures.

| Reported figure | Date | Source |
| --- | --- | --- |
| $1B revenue | November 2025 | [So fun hosting @echen, Founder of Surge AI, for a MinusOne @southpkcommons.](https://x.com/evantana/status/1989367973883126003) (x.com) |
| $1.2B revenue | December 2024 | [Edwin Chen Becomes an AI Billionaire: Surge AI Achieves $1.2 Billion Revenue and $18 Billion Valuation](https://www.forbes.at/artikel/edwin-chen-wird-zum-ai-milliardaer-surge-ai-erzielt-1-2-mrd-us-umsatz-und-18-mrd-us-wert) (forbes.at) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $1.66B | $1.05B | $2.63B |
| September 2026 | $1.66B | $1.14B | $2.42B |
| August 2026 | $1.48B | $960M | $2.29B |
| July 2026 | $1.31B | $800M | $2.14B |
| June 2026 | $1.28B | $820M | $2.01B |
| May 2026 | $1.21B | $780M | $1.9B |
| April 2026 | $1.11B | $740M | $1.65B |
| March 2026 | $1.08B | $760M | $1.51B |
| February 2026 | $1.09B | $800M | $1.48B |
| January 2026 | $1.07B | $810M | $1.41B |
| December 2025 | $1.01B | $800M | $1.27B |
| November 2025 | $1B | $830M | $1.2B |
| October 2025 | $1.02B | $590M | $1.77B |
| September 2025 | $1.03B | $630M | $1.68B |
| August 2025 | $980M | $670M | $1.43B |
| July 2025 | $760M | $510M | $1.13B |
| June 2025 | $600M | $440M | $820M |
| May 2025 | $570M | $430M | $760M |
| April 2025 | $510M | $380M | $670M |
| March 2025 | $440M | $350M | $560M |
| February 2025 | $410M | $330M | $520M |
| January 2025 | $410M | $330M | $510M |
| December 2024 | $310M | $260M | $370M |
| November 2024 | $8.2M | $5.1M | $11M |
| October 2024 | $6.9M | $3.8M | $9.9M |
| September 2024 | $6.9M | $3.5M | $10M |
| August 2024 | $14M | $4.7M | $24M |
| July 2024 | $13M | $4.1M | $21M |
| June 2024 | $6M | $3.4M | $9M |

## Surge AI valuation

Specter's live estimate sits between $1.99B and $6.97B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $3.81B | $1.99B | $6.97B |
| September 2026 | $3.56B | $1.96B | $6.55B |
| August 2026 | $3.28B | $1.85B | $5.22B |
| July 2026 | $2.84B | $1.66B | $5.08B |
| June 2026 | $2.92B | $1.59B | $5.04B |
| May 2026 | $3B | $1.58B | $5.27B |
| April 2026 | $2.36B | $1.16B | $4.93B |
| March 2026 | $2.24B | $1.07B | $4.93B |
| February 2026 | $2.36B | $1.16B | $4.93B |
| January 2026 | $2.24B | $1.07B | $4.93B |
| December 2025 | $2.08B | $880M | $4.6B |
| November 2025 | $2.08B | $880M | $4.6B |
| October 2025 | $2.06B | $860M | $4.76B |
| September 2025 | $2.06B | $860M | $4.76B |
| August 2025 | $2.07B | $870M | $4.63B |
| July 2025 | $1.93B | $870M | $4.35B |
| June 2025 | $1.85B | $760M | $4.31B |
| May 2025 | $1.84B | $760M | $4.35B |
| April 2025 | $1.83B | $750M | $4.12B |
| March 2025 | $1.72B | $660M | $3.6B |
| February 2025 | $1.6B | $640M | $3.38B |
| January 2025 | $1.6B | $640M | $3.38B |
| December 2024 | $1.47B | $490M | $3.53B |
| November 2024 | $82M | $20M | $220M |
| October 2024 | $69M | $16M | $230M |
| September 2024 | $69M | $17M | $230M |
| August 2024 | $140M | $30M | $470M |
| July 2024 | $130M | $28M | $480M |
| June 2024 | $60M | $13M | $220M |

## Surge AI vs competitors

The AI training data market splits between software-centric labeling tools and human-in-the-loop managed service providers.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Surge AI | $1.05B–$2.63B | $1.99B–$6.97B |
| Scale AI (scale.com) | $1.29B–$2.22B | $23B–$56.7B |
| Appen (appen.com) | $164M–$290M | No estimate |
| Labelbox (labelbox.com) | $41M–$161M | $1.12B–$1.62B |
| Toloka (toloka.ai) | $66M–$480M | $430M–$1.61B |

## Questions

### What is Surge AI's revenue?

Specter estimates Surge AI's annual revenue at $1.05B to $2.63B as of October 2026. Surge AI last reported $1B revenue in November 2025.

### What is Surge AI's valuation?

Specter's live estimate is $1.99B to $6.97B.

### Who are Surge AI's competitors?

Scale AI, Appen, Labelbox and Toloka. Specter ranks 30 competitors for Surge AI.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Surge AI revenue and valuation." tryspecter.com/revenue-valuation/surge-ai. Updated November 2026.